Ricoh Arena

Next Game

Coventry v Wigan

Saturday, 08 August 2015, 15:00

Sky Bet League 1

Coventry hit by stadium blow

Coventry's hopes of returning to the Ricoh Arena have been dashed after owners Sisu lost a court battle with Coventry City Council.

Last Updated: 30/06/14 at 12:29 Post Comment

Ricoh Arena: Coventry City had hoped to move back in

Ricoh Arena: Coventry City had hoped to move back in

The findings of a judicial review took place on Monday morning and it saw the council successfully defend itself against claims its 14.4million loan to Arena Coventry Limited (ACL), the owners of the Sky Blues' former home the Ricoh Arena, was an 'unlawful subsidy'.

A statement released on the club's website after the hearing described the ruling as"unfortunate" and explained how they believe building a new stadium is now the "only viable commercial option" with any prospect of a move back to their home of eight years seemingly in tatters.

"Coventry City Football Club and its owners' primary objective remains building a long-term future," it read. "The judgement by Hickinbottom J, that the Council's (CCC) decision to provide a £14.4 million loan to private stadium management company Arena Coventry Limited (ACL) was not an unlawful subsidy, is unfortunate.

"The football club and its owners believe that the loan, which exceeded the value of the stadium by almost 200%, was neither lawful nor in the interests of the supporters, taxpayers, stadium operators or the Club.

"ACL will now remain burdened with debt for the next 43 years, removing any prospect of a long term return to the stadium by the Club. With this level of debt there is no realistic prospect of any sports franchise or ACL being able to generate sufficient revenue to be commercially viable.

"We will apply for leave to appeal this decision. Now, more than ever, the new stadium is the only viable commercial option. The owner's primary objective remains building a long term sound financial platform for the future growth of the Club."

A row with ACL over rent meant the League One side played their home games over 35 miles away at Northampton's Sixfields last season in front of meagre crowds.

Related News

Most Commented

Readers' Comments

Y

ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

I

f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

foot in mouth
Adebayor & Berbatov: You Have To Admire The Balls

L

ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

paul7702
Van Gaal downbeat on De Gea

Footer 365

Digne agent denies Liverpool talks

Lucas Digne's agent has denied reports he has held talks with Liverpool regarding a move to Anfield for the Paris Saint-Germain left-back.

Mourinho scuppered Reds' Costa move

A new biography has revealed how Jose Mourinho scuppered Liverpool's bid to sign Diego Costa - a year before he arrived in west London.

Ramos 'extends' Real Madrid contract

Manchester United's pursuit of Sergio Ramos is over after the centre-back agreed a new contract extension at Real Madrid.

Mail Box

De Gea Disrespectful? Remember RVP...

We got dozens of mails from people pointing and laughing at Brian D for suggesting David de Gea has acted disrespectfully; we printed some. And there's more...

Getting Tired Of De Gea's Disrespect

One Manchester United fan is growing weary of David de Gea's disrespect. Plus thoughts on Southampton's summer, Balotelli loan, and Depay in the centre. Why?

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company